Calcestuzzi to be re-consolidated

22 April 2011

With a ruling dated April 20, 2011, the court of Caltanissetta revoked in full the preventive seizure on Calcestruzzi S.p.A., and ordered the return of the company assets to entitled shareholders. As announced on March 4, 2011, since the conditions for the re-inclusion of Calcestruzzi in the Italcementi Group scope of consolidation now apply, the company will be re-consolidated as from January 1, 2011. The effects of the re-consolidation will be included in the Italcementi Group report for the first quarter of the current financial year, to be examined by the parent company Board of Directors at a meeting on May 5. At Calcestruzzi, the current year will see the roll-out of the new industrial plan approved by the Board of Directors at the end of 2010.
Published under Cement News